Genesee & Wyoming to acquire Heart of Georgia Railroad

Trains Industry Newsletter
Get a weekly roundup of the industry news you need.
By signing up you may also receive occasional reader surveys and special offers from Trains magazine. View our privacy policy.
HOG
Frank Orona
DARIEN, Conn. — Genesee & Wyoming Inc. announced today it has agreed to acquire the shares of Atlantic Western Transportation, Inc., parent company of Heart of Georgia Railroad, Inc., whose memorable reporting marks are HOG. Terms of the acquisition were not disclosed. The acquisition is subject to customary closing conditions, including the receipt of U.S. Surface Transportation Board approval, and is expected to be completed in the second quarter of 2017.

HOG was founded in 1999 and operates across the state of Georgia on 219 miles of track leased from the Georgia Department of Transportation. It connects with G&W’s Georgia Southwestern Railroad at Americus, Ga., and with G&W’s Georgia Central Railway at Vidalia, Ga. HOG serves an inland intermodal terminal at Cordele, Ga., providing five-day/week, direct rail service via the Georgia Central Railway to the Port of Savannah for auto, agricultural products and other merchandise customers. HOG has Class I railroad connections with CSX at Cordele and with Norfolk Southern at Americus and Helena, Ga.

HOG transports approximately 10,000 annual carloads of agricultural products, feed, fertilizer, and lumber and forest products, of which approximately 2,000 carloads are interchanged with G&W’s Georgia Central Railway. Following the acquisition, HOG will be managed as one of G&W’s Coastal Region railroads, led by Senior Vice President Andy Chunko.

“The Heart of Georgia is an excellent bolt-on acquisition that we expect will enhance economic development by providing an efficient lane across southern Georgia,” Chunko said. “Its proximity to other G&W railroads unlocks operational efficiencies, while enhancing the railroads’ abilities to serve customers and generate new commercial opportunities across the region.

“We look forward to the 15 HOG employees joining those at our connecting railroads and working with our Class I partners to expand HOG’s recent success in driving more traffic onto rail in Georgia and Florida,” Mr. Chunko continued. “We also look forward to broadening our already strong relationship with the Georgia Department of Transportation and Georgia Ports Authority, in a state where we have established a significant long-term presence, operating 11 railroads over more than 600 track miles.”

- A Genesee & Wyoming news release issued on Feb. 7, 2017. 

NEWSWIRETrains News Wire

  • Previous Day
  • February 07, 2017
  • Next Day
Leave a Comment
Want to leave a comment?
Only registered members of TrainsMag.com are allowed to leave comments. Registration is FREE and only takes a couple minutes.

Login or Register now.
Please keep your feedback on-topic and respectful. Trains staffers reserve the right to edit or delete any comments.
0 COMMENTS
Big Boy

Big Boy

All about the world's biggest locomotive

SEE INSIDE THIS ISSUE

Learn more about the stories and photos in this months issue

Newsletter Sign-Up

By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our privacy policy
Subscribe Up To 54% off the newsstand price!
Subscribe To Trains Mag Today
+